Bank of America, 8 Others Subpoenaed in LIBOR Probe: WSJ

By Avi Salzman

Since the probe of banks suspected of manipulating the crucial London interbank offered rate (LIBOR) first came to light, it was clear that numerous banks would face scrutiny. The Wall Street Journal now says that 16 subpoenas have been issued by U.S. state prosecutors in the probe, with nine just revealed by the Journal. Investigations are ongoing in Asia and Europe as well.

Among the banks that the Journal says received subpoenas is Bank of America (BAC). The probe could lead to civil charges. The other banks the Journal names are Bank of Tokyo Mitsubishi UFJ, Credit Suisse (CS) Lloyds Banking Group PLC, Rabobank Groep NV, Royal Bank of Canada (RY), Société Générale (SCGLF), Norinchukin Bank and West LB AG.

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